A partner and I began searching, and after coming up empty for 6 months, we were sent this deal by a close friend and ended up closing a month later.

Every day is about finding ways to stay productive—reading, strategizing, networking, and setting myself up for the next opportunity.I know I’m not alone in this.

Wayfair has aesthetically pleasing options but I worry they are cheaply made and won’t hold up.

Hi @Briley RoeNice to hear that you made the first step in investing.Looking at the deals, I would need more information, but per the data that you have, the Cap Rate is within a good acceptable amount.Cash on cash is low, but depending on the area that you are the appreciation will catch up.

It seems like there's a lot of opportunity right now in that SEPA and South Jersey area (I'm on Long Island but have worked with folks who operate down there), and you're setting yourself up with smart partners, so you're ahead of the pack here already.I do have a good relationship with a strong commercial brokerage firm in that area, let me know if that would be a useful connection for you.

Sorry to jump on the back of this original post but I have a follow-up question to this response.

Focus on absentee owners and start with the ones who live the farthest away and only own one property in the area since they have the least use for the property.You can also drive for dollars, looking for anomalies of disrepair and then look them up in the tax records and use a site like Spokeo to do cheap skip tracing.

If the city decides to enforce inspections later and your property isn’t compliant, you may need to make costly updates to bring it up to code.It ultimately comes down to your risk tolerance.

We would like to find an investent that frees us up from daily running a business so we can flip houses or find other ways to grow our company.We have passed the go hard date on the sell of the motel, all contingencies have been satisfied.

I was thinking of signing up as well.